#Profile tencent china 900b wechat software#

The most popular activity on QQ is sending messages, followed by browsing Qzone and playing games. Mobile QQ’s number of monthly active users increased 52% year-on-year to 490m. This was double the PCU of 100m in March 2010, and a leap of some 20m on March 2014 when the figure stood at 180m. In April 2014 Tencent QQ’s peaking concurrent users (PCU refers to the total number of people using the resource within predefined period of time) reached 200m for the first time. In Q1 2014 QQ had 848m active user accounts, an increase of 3% year-on-year.

#Profile tencent china 900b wechat software#

QQ is an instant messaging software service which offers a variety of features, including online social games, music, shopping, microblogging, and voice chat. This deal is important as Tencent plans to integrate JD.com with WeChat, enabling its 300m users to buy a wide range of products from within the app.Īccording to Business Insider, JD.com logged roughly $16bn in sales in 2013, more than 15% of which came via mobile apps. Tencent will acquire an additional 5% stake in JD.com after the company files for IPO. In March 2014 Tencent purchased a 15% stake in JD.com, China’s second-largest ecommerce company, for $215m. How WeChat’s number of active monthly users has grown over time ( Statista) The messaging app also has more than 100m overseas users and as of March this year it had been downloaded more than 100m times from Google Play. It earned $50m in revenue in Q4 2014, but Tencent has said that the focus is on growing its user base rather than monetization. In Q1 2014 WeChat’s global user numbers grew 11.5% from the previous quarter to 396m. It even offers access to an online investment fund. Tencent launched WeChat in 2011 and racked up more than 100m followers in 15 months.Īlongside text, video and voice messaging, users in China can make mobile payments, browse ecommerce stores, play games, or book a taxi. In January 2014 QQ had 325m active users and WeChat had 295m, while the third most-popular app, Momo, had just 13m.Īctive users of mobile IM apps in January 2014 Tencent owns China’s two most popular mobile IM apps in QQ and WeChat. Online advertising revenues actually decreased 21% QoQ to 1.1bn ($180m) and represented only 6% of total revenues.Įcommerce transactions accounted for 14% of total revenue at 2.5bn yuan ($400m). Social network revenues increased 16% QoQ to 4bn yuan ($640m), which was again largely due to mobile games. Online games revenues grew 23% QoQ to 10.3bn ($1.65bn), thanks mainly to an increase in revenues from smartphone games integrated with WeChat and QQ. ‘Value-added services’ such as video games and virtual goods accounted for 78% of Q1 revenues at 14.4bn yuan ($2.3bn). Non-GAAP operating profit increased 28% year-on-year to 6.47bn yuan ($1.04bn). In Q1 2014 Tencent’s revenues showed their fastest growth in three years reaching 18.4bn yuan ($2.95bn), up from 13.5bn yuan ($2.17bn) in Q1 2013. More importantly, its operating profit increased 24% year-on-year to 19.1bn yuan ($3.1bn). Tencent’s gross revenue for 2013 reached 60.4bn yuan ($9.9bn), up 38% year-on-year. To shed more light on the size of Tencent’s business empire, I’ve rounded up a whole load of stats on its user numbers and revenues.Īnd for more of the same, read my posts looking at 30+ amazing stats on Alibaba and discussing whether innovation by Chinese social networks gives a glimpse of Facebook’s future… However unlike Facebook, Tencent makes most of its money from video games and sales of digital goods, with only 9% coming from ads. However most people will probably be more familiar with Tencent’s WeChat messenger app, which is seen as a rival to Facebook’s WhatsApp. The listed company has a market cap of more than $150bn and a portfolio of products that includes QQ instant messenger (818m monthly active users), Tencent Mail (274m), and Tencent Weibo (22m). However we’d be foolish to overlook its main rival in China, Tencent, which is equally capable of branching out for world domination. 2022: New normals for digital marketing and ecommerceĬhinese ecommerce giant Alibaba has captured the West’s attention recently thanks to its upcoming IPO and the launch of a new US marketplace called 11 Main.E-Learning: Fast Track to Modern Marketing.Achieving Omnichannel Excellence Best Practice Guide.Ratings and Reviews Best Practice Guide.Third-Party Marketplaces Best Practice Guide.Direct-to-Consumer (DTC) Best Practice Guide.Machine Learning and Predictive Analytics.